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a big move. >> lastly, citi goes buy to hold bhp. >> people ask me what i'm worried become it is the endless pressure in the my earth and the materials. free port yesterday, 32. bhp, looks like -- these are rolling ever. the junior gold minors are horrendous. joint global up yesterday on rumors. why are these going down so hard? >> you think god is overdone? >> i like gold az as an allocation, a currency. these miners, they are the weakest, they are terrible. terrible stocks. ran gold, a well run company. >> going back to late 11. >> the euro, by the way, looks -- versus the dollar, the euro really come down. something to watch with the metals, rio tinto a fine company, bhp a fine company. rolling over that is worrisome. i don't think they are done rolling over. >>> home builders falling sharply last few days. an analyst says there is another sector you can play to make money off of housing, the opening bell on a thursday is just minutes away. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarte
cancelled. two feet of snow expected in some areas. mostly to the north of new york city. the latest on the storm path and at which sectors will be impacted the most. >>> first on cnbc, mattel meeting analyst. toy maker ceo will speak with us first on "power lunch" before he spokes with the street -- guess who's here? >> good to see you, ty. >> nice to see you. >> mother nature -- >> here at snowy cnbc headquarters. >> mother nature derailed my commute. but at least we are together in the snowy weather. >> that's right. barbie and ken of -- >> that's right. barbie and ken of "power lunch." first to the markets, we will put the storm aside for a couple of second. with today's gains, major averages wiped out losses for the week. that could of course change but if it does hold the s&p 500, the dow and nasdaq will have racked up gains in each of the first six weeks of 2013. bob pisani is down on the floor of the nyse. he did manage to get to the new york stock exchange exchange today. >> let me be blunt about it, sue, everybody at the new york stock exchange wants to go home. but they're
cities. siemens. answers. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. >>> forget washington's fiscal woes. our next guest says that there's a new risk to the country's economic health, and it all has to do with the fed's balance sheet and the low rate policy it's had for a number of years now >> indeed. he's columbia university's rich mishkin. >> welcome back. >> lots of focus today on the fed minutes that came out earlier on today. what was your read on the fed? i mean, the market is taking them as hawkish. is that the correct way to read it? >> i think that there's some concerns that have been raised in both the minutes and actually we've seen in recent speeches which are a little bit more hawkish. there are
's revenue sharing, it is economic development for the areas, the communities and cities where we operate, so it's not just about baseball teams. we continue to do well. >> thank you so much for joining us. a great pleasure having you on. >> likewise. >> linda alvarado, alvarado construction. >>> a sneak peek in the green room, packed this morning. they regularly talk on conference calls with the white house, consulting with the president on issues of vital economic performance. today, they consult with you our viewer on "squawk box." at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. ♪ ♪ ♪ ♪
york city's biggest sewage treatment plant. this is not a joke. the city says tickets for three-hour tours are nearly sold out and highlights include the giant egg-shaped receptacles. >> thanks for watching "street signs." history always repeats itself. "closing bell" is next. >>> hi, everybody. good afternoon. welcome to the "closing bell." i'm maria bartiromo here at the new york stock exchange. stocks mixed at this hour. the dow struggling to stay above the 14,000 level and the nasdaq modestly higher. >> just a reversal. >> i'm bill griffith. we'll see if the dow can rally back. we're at the lows of the day right now but also following these stories on today's ram. the ceo of dow component cisco will be with us. john chambers will join us moments after the company reports earnings. will the results move us closer or further away from a new high? plus a lot more to get into with the always outspoken john chambers. >> he's terrific and how is this for an odd couple. facebook founder and ceo mark zuckerberg having new jersey republican governor chris christie over to his house t
for cablevision in a very long time. david, in the meantime, we want to call your attention to vatican city. pope benedict xvi stepping down after nearly eight years as pontiff after unexpectedly announcing his resignation on february 11th for health reasons. you can see him walking down the hall here. he's expected to depart vatican city by helicopter heading to castel gandolfo where he will take up temporary residence until his new residence outside of vatican city is complete. once he steps into the castel gandolfo, the doors will closed and it is complete. >> thousands of people stormed into st. peter's square to watch this happen. they put big screen televisions inside the vatican grounds for the public to watch what is happening. it's hard to get a vantage point of the scale if you've never been there but isn't that just an amazing thing to watch? >> and historic are, given that we haven't seen anything like this in 600 years, right? >> i wasn't there but obviously you were, david. eagerly checking the stocks. >> yes, i was. >> interesting this morning, cardinal dolan of new york was asked
with their foams and cameras that showed the bags in question, the tent city in question. people who had a room with an actual window were much happier. we interviewed some of those folks last night. it wasn't as hot or smelly in their room. they were probably on an upper deck, so depending on where you were on the boat, as always. 100 buses were waiting last night to either new orleans or to galveston, which is where the boat originally disembarked from. there's going be about a dozen charter flights today by delta to get everybody home. back to you guys. >> all right, mcc, thank you. we want to hear from you, if not on a cruise ship, where would you rather be stuck? what would a better place to be rather than on a cruise ship? >> how about right here at work? >> right here at work? >> filling in for andrew ross sorkin. >> filling in for andrew ross sorkin. it smells fine in here right now. you showered this morning? i did, too. it's friday. so i did, as well. it's underwear change day, shower day, everything else. >> once a week you shower? >> is that tmi? no, no. when we were out in pebble,
. >> maybe somebody heard something with regard to a banker, some banker was going that city. putting two and two together. making a good bet. not based on actual knowledge but a bet that a lot of people follow that. they cash in, suddenly there's the huge action in the options. sec's right to look at it. they can put people other oath. people want to testify -- here's what i saw, what i did. the evidence that people are trading ahead of the deal is not evidence that they knew it was going happen. they figured it out. >> let me throw one other piece of news -- >> the -- at the monsanto -- >> i used to track plans. you can't do it anymore. very hard to track plans. >> get out on a moped and follow sir larns wiwrence wildman -- >> i believe that's legal as long as you're not tapping lines. >> it eerie. >> dell, they had earnings. i don't think new england care good the earnings, they --in cared about the earnings, they cared about the buyout. >> i think it's sad and public shareholders take a longer term view is the only reason this company is going private is because michael dell and silve
.s. home prices continued to rise through december of last year. the ten-city composite up 5.9%. the 20-city composite up 6.8%. david blitzer is the chairman of the s&p 500 index committee. david, welcome back. good morning. >> good morning. >> pretty good numbers to close out the year. people still trying to get their arms around how distressed properties are moving some of these prices, especially in key markets. >> that's right. i think the overall picture is very, very strong. the national index, which is up 7.3% for the four quarters, ended with the end of 2012. so really, all across the country things look good. only one city of all 20 was down on the year-over-year basis. >> still, though, i'm told the index is heavily skewed by the share of distressed. that's why atlanta could be down 17%. and now up 10% year-over-year. are these numbers, are they reflective of what's happening with real buyers? >> yes, i think they are reflective of what's actually happening with real buyers. what we've seen in city after city over the last couple of years is the city will get hit with a wave o
of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. we have breaking news on apple. let's get to scott wapner right now. scott? >> reporter: all right, maria, t
of this, you don't even have to look hard for t.cities like albuquerque, new mexico, raised its minimum wage at the beginning of the year, and you're already seeing headlines there, you know, restaurant cutbacks, restaurant that cut hours two days a week and opted not to hire six new employees. i mean, these are actual on-the-ground consequences that are happening, so if ken wants to -- wants to give his employees a raise, that's fine, but we don't need the government to mandate that for all other businesses, especially marginal businesses that can't affit. >> well, what's the answer then to moving needle on the middle class? how do you think you should do it? >> who is earning the minimum wage who is trying to help. one in six people who earns the minimum wage is a single parent supporting children, so let's say we're trying to help that group. do something like expanding the earned income tax credit which will boost their wages through the tax code instead of a mandate on employers. shown to reduce poverty unlike the minimum wage which has been shown not to reduce poverty. >> that's a
on the vegas strip is only the latest act of violence in sin city. we have a live report coming up on a violent crime wave there and if it's eating into the city's bottom line when it comes to the very-important tourist trading. that's later on "the closing bell." [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> welcome back. if you're just joining us, markets are seeing a selloff as we go into the final minutes of the trade here. dow down 132 points. the s&p back below 1500 for the first time in a little while. problems in washington and overseas, though, are not bothering one of our next guests. sam stoval. >> welco
of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> happy monday. welcome back to "squawk on the street." we'll begin with tech. jim short sounding the alarm of the apple bulls who screamed buy before the stock went down. we'll find out how many analysts failed to see that. >>> pope benedict will resign at the end of the month citing health concerns. what does it mean for the vatican and who could be next. >>> google shares down after hitting an all-time high last week, surging over 10% since the beginning of the year. are the charts pointing to more of a pullback ahead. >>> first, a lot of news out on tech this morning. certainly over the weekend we found google executive chairman eric schmidt is selling roughly 42% of his stake in google, in a move that could net him more than $2.5 billion. jon fortt has more from san jose. he joins us live. is it a surprise that schmidt should be such a heavy seller now? >> maybe a little bit of a surprise. not as big as the pope saying he's on his way out. but schmidt owns about 7.6 million sh
put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than $2 billion, but there's a huge fight going on among the banks out there to represent this yield and so many of them thought they had the end because they had been with teddy for so long. they were friends with teddy, the trustee who runs this process. only knew teddy for the last two years of his life. so there are banks and bankers who said i've been blanking with him for 20 years. he was my best friend. i promised i would get the deal. but everybody is there and now there'
.75%. declines on the part of bank of america and citi, down more than 1% apiece. technology, it follows the theme all throughout 2013 so far, technology is slightly lower. although we do have apple trading higher today. the fact that apple of late seems to be bucking the trend of the markets. whenever that trend happens to be. today is a downtrend, apple trading higher. certainly for the year, it has been that the markets rallied without apple. in spite of apple we should note. it is still the second largest company by market capitalization on the s&p. >> they're very close, exxon and apple. and we have to mention facebook. i mention facebook because the shares are down over 3%. adding to losses that have started to add up percentagewise for this company, after reported what were not great earnings. at least when you look at mobile and the growth there. again, that according to some who follow the company closely, who were not as perhaps enthused as they otherwise might have been. >> within the realm of this sort of large cap, technology leaders, google getting a downgrade today. google
of america's biggest cities. siemens. answers. >>> only 25 minutes before tim cook addresses the goldman sachs technology conference. we'll break down what we can expect to hear from cook and what does it mean for apple stock today. great to see you. >> hello. >> what are you expecting to hear from cook today? >> yes. he's going to speak at the conference and we don't think he'll get into too much details over there. at this point, where the stock is, we think he'll address two things. strategy and products. they said they're actively looking at the cash balance. we expect them to increase dividends and have more buybacks. we think he's not going to get into details, but they're going to indicate their willingness to do that. on new products, they'll definitely talk about new products before the actual launch. but i think he's going to talk about the confidence in the new product pipeline. >> do you think that tim cook's playbook will change a little bit, given the pressure that he might be feeling from shareholders, like a david einhorn? and the focus that apple's been under, and the sc
information on that. plus, the other talking of the morning, why new york city mayor michael bloomberg, he wants to ban styrofoam. no more styrofoam. >> you know what i've seen, the new york city psa is about how you shouldn't drink sugar. there's a guy sitting there drinking 16 packs of sugar a day. >> you say that to a man my age, psa, and it's prostate -- >> the guy is drinking 16 backs of sugar and going, while they're drinking their soda. >> take a look at this. us airways ceo doug parker arriving at the airport in dallas just a few minutes ago. we're expecting an official announcement from amr on the usair merger. that's coming, we think, very, very toon soon. we're going to have that and a lot more when squawk returns. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back to squawk this morning. t let's take a lo
to offer online betting. this bill means that online playing of any game offered by atlantic city's 12 casinos is out there. so bets can't be placed until the state division of gaming enforcement actually sets a start date. casinos say that it could take stockton 12 months to get ready. with all the stories you heard about atlantic city, they could probably use an advantage, some sort of help to get people back in their dorms. >>> we go -- back in their doors. >>> from gambling to beer. class-action lawsuits accusing anheuser-busch of watering down its brands. the suits claim that consumers have been cheated out of the alcohol con stated on levels. this is only 3-2 -- >> some have supposed to have 5%, some are supposed to have 4%. apparently there's some ex-employees who have come forward. >> right. >> suggest that -- >> whistle blowers say they know they were intentionally watering stuff down which is crazy. the beer lovers in the suit are seeking millions in damages for all the alcohol that they missed out on. the lawsuits are based on information again, as andrew said, from former e
fine stay is creating a new category of city accommodations. combining cheap hotels with the best parts of staying in someone's real home. guests receive a distinctive home yet fitted without five star quality hotel linens, towels, toiletries and we give them an iphone loaded with local area information to use during their stay. the host receives something fully turn key. when they are out of town, we come into the home, clean, prepare it, welcome kbests on arrival. handle any issues that arise during guest stay and put the home back the way it was after the guest leaves and before they come back. we started this business in may in 2010 in london. we now work with over 500 homes there. i moved back to new york this past january to start one fine stay here. we add successful summer of trading. we work with 80 homes in new york. we are excited to grow in new york and beyond. >> evan is on the right side of your screen. he cannot react it criticism or compliments until i say so, which is how we like it. so, kate is founder of author of bold women big ideas. and leader of raising venture ca
, the megabanks, especially city and b of a have not performed well, even going back before the crisis, trading at significant discounts to tangible book value. so where the government could play a positive role is getting more information out to investors so they can decide maybe the economically best solution for this is a market-driven breakup, but right now it's very difficult again the inadequate disclosures to see how profitable each business line is because the mega banks don't allocate their capital expenses according to their business line. so i think the government has probably not looked at that as much as they should, and we need to get market information out. i think the market can provide a much faster solution than government, but you're right. they are still continuing interest in congress on some type of size limit or breakup proposal. >> i guess, isn't it difficult to see a different, you know, setup in europe than the u.s.? i mean, do we need a global standard? >> yeah. >> is it even logical to think that we have one standard across the world? >> well, i think that would be y
, give me some loving. apple's not even on the top 50 of citi's new global champions. >> really? >> apple's not even on the list. >> holy cow. >> but the question is, why should it be on the list? >> coach is on the list. >> nine times earnings. coach is on the list? >> should go buy coach. buy a man bag. >> man purse. >> are we saying that on the list, which i have here somewhere, that apple's not one of the best 50? >> best 50 what, though? >> listen, maybe that's the bottom. >> coach, cummins -- >> i like cummins. >> ebay. >> i like ebay. >> speaking of watches, you can get a fossil instead of a swatch. >> listen, man, fossil, i told you yesterday fossil is going to determine whether that apple watch is better than the google glasses. >> google's on the top 50 list. >> i believe that. >> i'm going to 1,001 right now. >> where is brian white? >> right. that almost -- i don't want to say it topped the stock. when you start to get the really far out there price targets on apple, that's when the cracks in the story started to really -- >> look, here's capital oil and gas. one of the best p
. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> welcome back. mary thompson is stepping in now with some breaking news on that fight between greenlight capital and apple. mary. >> reporter: that's right. it's a victory for david einhorn's greenlight capital. judge richard sullivan ruling in favor of greenlight capital. einhorn had sought to block shareholders from voting on proposal two of apple's proxy. the judge basically granting that injunction, and had a this means is that apple is blocked from allowing share holders to vote on whether or not the firm should issue pref
on or the attempted hacking of banks. b of a and citi group and chase, everybody admits there's been attacks on them and deflections. but should we worry about our internal bank accounts we access online because of hackers? should that be a concern for the average checking account out there? >> for the most part, no. the banks actually of all the industries do probably the best job of protecting themselves. the attacks you've seen recently are something called ddos attacks which disrupt banks to carry on business. this is a serious escalation. it appears they're coming from a nation state that sponsors terror. that's one of the things we have to be looking forward about and doing a better job protecting ourselves. >> all right arthur coviello of rsa, thank you for your thoughts today. >>> as we continue, more on today's big selloff and why some say it may be about to get worse because of washington's dysfunction. as blunt automatic spending cuts are set for four days from now. we're back in a minute. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody sh
, nokia, cincinnati bell, ford motor, jpmorgan and citi. all among the big movers today in terms of volume. with overall volume today also picking up and volume has been, of course, picking this up week with -- with overall volume not looking overall so heavy today but certainly picking up in the last half an hour or so. all-time high, 14,164. we're very close to it right now. meanwhile, since months ago, value investor bob olstein told cnbc that amazon could drop 50% over the next few years. since then the stock has done well moving higher. that hasn't stopped olstein from staying bearish on the stock. in fact, now he's calling amazon a ticking bomb on valuation. he says the wrong price for investors is what they are looking at. surprised short sellers are not piling in on this stock. >> bob joins us now along with cnbc's gary kaminsky who is a bit more positive on amazon, and, bob, we certainly want to get your take on the rally at large as we march towards these new all-time highs. let's go amazon first. people always cite valuation if they are trying to nay say on amazon. what's differ
Search Results 0 to 23 of about 24